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Bad News For Bears? Market Technicals Are Very Bullish | Sven Henrich

Sep 7, 2023
Technical analyst Sven Henrich discusses market technicals and the potential bullishness in financial markets. Topics include the role of narrative and technical analysis in price action, the impact of real wage growth on the stock market, analyzing the VIX and its performance, potential similarities to the 1987 market crash, and the possibility of a pullback in September or October.
01:06:23

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Technical indicators suggest a potential bullish trend in the market, with oversold readings and a possible bull flag formation indicating a bounce back.
  • Mixed signals from international equities, such as the FTSE and DAX, and potential bullish formations show that the market could still surprise to the upside.

Deep dives

Technical indicators point to a potential bull run in the market

Despite a recent correction in the market, technical indicators suggest that a bullish trend could be on the horizon. The market has seen oversold readings and a potential bull flag formation, indicating a possible bounce back. Additionally, the asset manager index shows a decrease in exposure, which could lead to a short squeeze and renewed market interest. The historical seasonality chart also suggests a potential rally into the end of the year, similar to previous pre-election years. While caution is warranted and a major crash cannot be ruled out, the current technical signals point to a positive outlook for the market.

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